Ryerson Holding Co. (NYSE:RYI) Shares Purchased by Denali Advisors LLC

Denali Advisors LLC increased its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 34.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 213,807 shares of the basic materials company’s stock after acquiring an additional 54,621 shares during the quarter. Denali Advisors LLC owned about 0.64% of Ryerson worth $4,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Ryerson by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,258,261 shares of the basic materials company’s stock valued at $78,318,000 after purchasing an additional 79,139 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ryerson by 16.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,476 shares of the basic materials company’s stock valued at $15,414,000 after purchasing an additional 62,384 shares during the last quarter. CastleKnight Management LP acquired a new position in Ryerson in the 4th quarter valued at about $3,087,000. Vanguard Group Inc. boosted its holdings in Ryerson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock valued at $79,757,000 after purchasing an additional 81,515 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Ryerson by 15.0% in the 4th quarter. Franklin Resources Inc. now owns 1,262,776 shares of the basic materials company’s stock valued at $43,793,000 after purchasing an additional 164,447 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Stock Performance

NYSE:RYI opened at $19.00 on Tuesday. The company’s 50-day moving average is $20.43 and its two-hundred day moving average is $24.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.38 and a quick ratio of 1.11. Ryerson Holding Co. has a 1-year low of $17.57 and a 1-year high of $36.20. The firm has a market capitalization of $652.38 million, a price-to-earnings ratio of 7.36 and a beta of 1.56.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. The firm had revenue of $1.23 billion for the quarter. During the same quarter in the prior year, the company posted $1.06 earnings per share.

Ryerson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a $0.188 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.96%. Ryerson’s dividend payout ratio is currently 29.07%.

About Ryerson

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.